Financial institution we take a closer look at christine lagarde. I want to get jones on this is business live from berlin welcome the u. S. House of representatives has passed a bill imposing sanctions on the russian led gas pipeline north stream to the new sanctions talk of the ships needed to lay the massive pipes the project depends on only a few companies in the world to possess the technology to lay deep sea pipelines and they could soon find themselves cut off from doing business in the United States if completed north stream 2 could double the amount of russian gas imported by germany and to all that you member us something us or make us worry could give moscow greater political leverage over the european union. But for more on this topic im joined now by our Financial Market correspondent chelsea delayed in france and chelsea could this sunshines stop the project. It seems like its a little bit too late for that the us has been discussing these sanctions for several months the
The hearing will come to order. Last congress this Committee Held two hearings examining the currency ecosystem. Those hearings we heard about some of the developments that have occurred and tha and and tr ijokerin the marketplace since e creation in 2008. The potential benefits of the Digital Currencies and the concerns about the value of stability, quality and illicit uses market manipulation and privacy. Since then facebook announced its intentions to launch the system into Digital Currency that will be governed by the association comprised of up to 100 financial and nonfinancial members including facebook digital wallet service. Facebook project generated renewed interest in Digital Currency and watching generally including how they interact with u. S. And International Regulatory potential benefits and challenges and concerns around issues like antiMoney Laundering in counterterrorism efforts including data privacy, Consumer Protections, commerce and Monetary Policy. David marcus